Multiple Choice $6-16$

The Individual Alternative Minimum Tax $($AMT$)($LO $6\mathrm{.}5)$

The alternative minimum tax exemption:

a$.$ Is a reduction of alternative minimum taxable income for certain taxpayers.

b$.$ Permits certain taxpayers to elect to treat AMT as a reduction of tax.

c$.$ Is a direct reduction of the tentative minimum tax.

d$.$ Is subject to carryback and carryforward provisions.

e$.$ Increases the effects of tax preference items.